How To Fix FC402 - Specify a chart of accounts that does not already exist

FC402 - Overview

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 402

• Message text: Specify a chart of accounts that does not already exist

What causes this issue?

You have specified &V1& as the target chart of accounts. This chart of
accounts already exists.
You can only copy to an existing chart of accounts if you have not
selected the "Accounts in chart of accounts" option.

How to fix this error?

Check your entry.

Error message extract from SAP system. Copyright SAP SE.

FC402 - Details

• The SAP error message FC402, which states "Specify a chart of accounts that does not already exist," typically occurs when you are trying to create a new chart of accounts (CoA) in the SAP system, but the CoA you are attempting to create already exists in the system.
  
  Cause:
  
  Duplicate Entry: The most common cause of this error is that the chart of accounts you are trying to create has the same identifier (code) as an existing chart of accounts in the system.
  Incorrect Configuration: There may be a misunderstanding or misconfiguration in the settings where the system is not recognizing the intended new CoA due to naming conventions or other settings.
  
  
  Solution:
  
  
  Check Existing Charts of Accounts:
  
  Go to the transaction code OB13 (or use the menu path: Financial Accounting > General Ledger > Master Records > G/L Accounts > Chart of Accounts > Edit Chart of Accounts).
  Review the list of existing charts of accounts